Abstract for: Evaluation of offshore wind energy diffusion in long-term scenarios in the Colombian Caribbean

Since 2014 Colombia has embarked on the career of the energy transition, implementing laws that reduce or exempt Renewable Energies (RE) from taxes. Understanding the possible penetration of offshore wind energy (OWE) in the long term is essential to identify the development of this technology and its possible role in the complementarity of the country's energy matrix. The main objective of this study was to evaluate the diffusion that this energy generation technology would have through the implementation of direct and indirect incentives that are adequate for the Colombian market conditions. The results of the proposed model may be helpful for long-term investment decision-making in RE.